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UnitedHealth price target lowered to $325 from $342 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on UnitedHealth (UNH) to $325 from $342 and keeps an Overweight rating on the shares. The firm is lowering its estimates to reflect a more prolonged turnaround story, but notes that its “illustrative bridge” to 2027 EPS points to potential upside to Street estimates while acknowledging key variables in Medicare Star ratings as well as potential future regulatory and reimbursement shifts.

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